LPG
Omera LPG introduces home delivery services in lockdown
Omera LPG, a market leader in petroleum gas supply, has introduced home delivery services across the cournty.
Amid the worsening pandemic situation, the Omera Petroleum Limited has introduced the home delivery services keeping in mind the health and safety of customers, said a press release on Tuesday.
Read: Omera Gas signs deals with 3 energy giants for installing auto gas stations
“We're just one call away to deliver your desired Omera LPG cylinder at your doorstep,” said the company requesting the consumers to visit website and Facebook page: www.omeralpg.com or official Facebook page https://www.facebook.com/OmeraLPGas.
Also read: IFC invests $20 mn in Omera Petroleum to enhance LPG access
Pvt companies’ 12 kg LPG price fixed at Tk 975, govt’s 12.5 kg at Tk 591
The Bangladesh Energy Regulatory Commission (BERC) has fixed the price of Liquified Petroleum Gas (LPG) with effect from today (Monday, April 12, 2021).
As per the new prices, the private companies will have to sell a 12 kg LPG at Tk 975 while LP Gas Company Ltd, the state-owned company, will sell its 12.5 kg LPG at Tk 591 at the retail level.
Read ‘Stop meddling in LPG price fixing process’
BERC Chairman Md Abdul Jalil announced the new prices at a virtual press briefing on Monday.
“The private companies’ LPG price was fixed on the basis of Saudi CP,” he told reporters.
At present, the private companies have been selling 12 kg LPG in the retail markets at Tk 1100 -Tk 1200 while those of the state-owned company over Tk 700.
Also read: BERC to start public hearing Thursday to re-fix LPG price at consumer level
About 20 private companies have been operating in the market with more than 95 percent market share by annually importing 1.2 million metric tons of bulk LPG from mainly Middle-East while the state-owned LP Gas Company is locally producing 25,000 MTs of LPG from locally produced condensates at different gas fields.
Abdul Jalim said it will be very tough for them to ensure the enforcement of the new LPG prices as they don’t have any mechanism or offices at the district of upazila level.
“We’ll need to formulate some new rules and regulattions to ensure the effectiveness of the new prices of LPG”, he said adding that the administrative bodies will have to enforce the price by their own administrative measures.
Also read: BERC seeks opinions for public hearing on LPG price on January 14-18
“BERC is regulator, not an enforcerent agency”, he defended his position saying that this is first time the regulator announced the LPG prices.
LPG autogas station owners form new organisation
The autogas stations and conversion workshop owners have formed a new body named "LPG Auto Gas Station and Conversion Workshop Owners Association."
‘Stop meddling in LPG price fixing process’
The consumer rights groups and business operators on Thursday demanded an end to the government’s interference in the price fixing process of liquified petroleum gas (LPG).
BERC seeks opinions for public hearing on LPG price on January 14-18
A press release, issued by the Ministry of Power, Energy and Mineral Resources, on Monday, said a public hearing of the BERC to re-fix the LPG price will be held on January 14-18. The time, format and location will be informed later.
“Interested individuals, firms or organizations are requested to send their pre-public hearing statements or opinions to the commission by January 4, 2021,” said the Ministry Press release.
It also
Bangladesh's energy regulator urged to fix LPG price through public hearing
Speakers at a webinar have urged the energy regulator to fix the price of liquefied petroleum gas (LPG) in a rational way through public hearing.
Azam Chowdhury, Shayan Rahman reelected to lead LOAB
Azam J Chowdhury and Shayan F Rahman have been re-elected President and Vice President of the LPG Operators Association of Bangladesh (LOAB) for the next two years.
BERC moves to set LPG price at retail level
The Bangladesh Energy Regulatory Commission (BERC) has finally initiated a move to set the price of liquified petroleum gas (LPG) at the consumer level.
“We’ve already started a process following the BERC Act 2003 to fix LPG price at the retail level,” said a member of the regulatory body preferring anonymity.
He said the public hearing might take place between 14-18 January next as BERC is taking time to complete the pre-hearing process.
BERC officials said the move to fix LPG price came against the backdrop of a show-cause notice issued by the High Court seeking explanation on why action would not be taken against the regulator for its failure to set LPG price.
“The court is scheduled to sit on December 15 to hear from the regulatory body on the issue. That’s why we’re trying to declare a public hearing date before the court hearing,” said a BERC official.
Sources said that the BERC had already asked the local LPG producers, including state-owned LPG company, to send their respective proposals to the regulatory body to facilitate holding the public hearing.
Recently, disposing of an appeal of Consumers Association of Bangladesh (CAB), a High Court bench ordered the regulatory body to set the LPG price for consumers.
As per the BERC Act, 2000, electricity tariffs and prices of downstream petroleum products should be fixed by the energy regulator through public hearings.
In compliance with its responsibility, the BERC has been setting the electricity tariff and price of natural gas for both bulk and retail consumers after its establishment in 2003.
But the issue of setting the LPG price remained out of the purview of the regulatory body.
Currently, the price of LPG produced by state-owned companies is fixed by Bangladesh Petroleum Corporation (BPC) while the private companies fix their own price.
There are allegations that the LPG of both public and private companies are selling in the retail market at an inflated price of about Tk 1,000-1,200 for a 12.5 kg container while its actual rate is between Tk 700-800 as there is no monitoring or mandatory mechanism to fix their prices at the retail level.
In such a situation, the CAB—the consumer rights group—moved the court seeking an order asking the BERC to fix the price through a public hearing, said a CAB official.
Regulatory conflicts should be addressed before setting LPG price, say stakeholders
Stakeholders at a meeting on Saturday suggested that the existing conflicting regulatory issues should be addressed before setting a price for liquified petroleum gas (LPG).
Omera Gas signs deals with 3 energy giants for installing auto gas stations
Omera Gas One Ltd, a subsidiary of East Coast Group, has signed separate deals with Meghna, Jamuna and Padma oil companies to set up auto gas stations and supply LPG across the country, aiming to ease people’s sufferings in converting their vehicles into LPG-efficient ones.